April 2008 Sedona Market Update

Published by Rick on Tagged First Time Homebuyers, Home Buying, Sedona Market Trends

Well, we’re a week into April and I’m glad to announce that the Sedona housing market is marching ahead… things have picked up recently and for the first time in months there are more houses that went into escrow today than new homes coming online. This was a fairly commonplace occurrence a few years back, but there haven’t been too many days like this. The good thing there were 6 properties that went into escrow, 4 homes, one commercial property, and one piece of vacant land. The other telling thing is that of the 4 homes… all were under 400k. That shows how the market is heading… people are grabbing the most affordable homes now. Prices have come down approximately 12-15% over the last 18-24 months, so there are great deals on Sedona homes and land.�



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